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    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    Reasons to Consider PAVE

    Compelling Need

    The American Society of Civil Engineers assigned a letter grade of C to the state of U.S. infrastructure in its 2025 report card, highlighting the need for investment.1

    Multiple Long-Term Catalysts

    America is committed to improving its aging infrastructure. The Infrastructure Investment and Jobs Act, Inflation Reduction Act, and CHIPS and Science Act appropriated nearly $1tn to fund critical infrastructure projects.2

    Unconstrained Approach

    As the economy evolves, so do infrastructure needs. PAVE seeks to capture this trend by investing in companies that are part of the infrastructure theme, regardless of sector or industry.

    1American Society of Engineers, Mar 20252Politico, 2024

    Key Information As of 06/30/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $14.57 billion
    NAV $58.88

    ETF Summary

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction.

    ETF Objective

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx U.S. Infrastructure Development Index.

    Trading Details As of 06/30/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Shares Outstanding 247,420,000
    Number of Holdings 100
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 06/30/26

    30-Day SEC Yield 0.45%
    Distribution Frequency Semi Annually
     Distribution History

    ETF Prices As of 06/30/26

    NAV $58.88 Daily Change $0.25 0.43%
    Market Price $58.92 Daily Change $0.32 0.55%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 06/30/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE 4.77% 23.87% 23.47% 36.30% 64.86% 317.61% 03/06/17
    Returns (as of 06/29/26)
    		Return PAVE Return Index
    Since Inception 315.84% 336.87%
    12 Months 32.82% 33.34%
    24 Months 52.77% 53.96%
    Last 60 Trading Days 16.43% 16.61%
    Last 75 Trading Days 13.65% 13.83%
    Monthly Returns (through 06/29/26)
    		Return PAVE Return Index
    Jun 2026 4.30% 4.35%
    May 2026 -0.91% -0.89%
    Apr 2026 12.65% 12.75%
    Mar 2026 -7.74% -7.75%
    Feb 2026 8.58% 8.63%
    Jan 2026 6.20% 6.22%
    Dec 2025 0.94% 0.96%
    Nov 2025 0.56% 0.58%
    Oct 2025 1.28% 1.33%
    Sep 2025 2.48% 2.54%
    Aug 2025 1.77% 1.81%
    Jul 2025 4.84% 4.88%
    Jun 2025 5.25% 5.27%
    May 2025 8.11% 8.16%
    Apr 2025 1.84% 1.85%
    Mar 2025 -6.20% -6.17%
    Feb 2025 -5.01% -4.97%
    Jan 2025 4.64% 4.70%
    Dec 2024 -11.26% -11.22%
    Nov 2024 11.12% 11.19%
    Oct 2024 -0.05% -0.04%
    Sep 2024 4.42% 4.46%
    Aug 2024 -1.34% -1.35%
    Jul 2024 7.91% 8.00%
    Jun 2024 -4.38% -4.35%

    Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

    NAV & Index Chart

    Top Holdings As of 06/30/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    4.06 PWR QUANTA SERVICES INC United States 2150204 719.93 826,276 594,860,880.68
    3.51 CSX CSX CORP United States 2160753 47.53 10,823,898 514,459,871.94
    3.37 ETN EATON CORP PLC United States B8KQN82 426.12 1,159,432 494,057,163.84
    3.33 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 491.16 992,911 487,678,166.76
    3.26 HWM HOWMET AEROSPACE INC United States BKLJ8V2 268.86 1,778,881 478,269,945.66
    3.21 DE DEERE & CO United States 2261203 634.33 741,411 470,299,239.63
    3.13 URI UNITED RENTALS INC United States 2134781 1,132.89 405,135 458,973,390.15
    3.11 UNP UNION PACIFIC CORP United States 2914734 272.00 1,674,146 455,367,712.00
    3.08 ROK ROCKWELL AUTOMATION INC United States 2754060 495.08 910,791 450,914,408.28
    2.88 NSC NORFOLK SOUTHERN CORP United States 2641894 314.59 1,339,727 421,464,716.93
    2.86 SRE SEMPRA United States 2138158 92.71 4,517,203 418,789,890.13
    2.84 FAST FASTENAL CO United States 2332262 48.03 8,648,547 415,389,712.41
    2.75 PH PARKER HANNIFIN CORP United States 2671501 978.12 412,374 403,351,256.88
    2.65 NUE NUCOR CORP United States 2651086 222.75 1,743,870 388,447,042.50
    2.52 EMR EMERSON ELECTRIC CO United States 2313405 143.15 2,577,453 368,962,396.95
    2.27 CRH CRH PLC United States B01ZKD6 107.00 3,110,914 332,867,798.00
    2.03 VMC VULCAN MATERIALS CO United States 2931205 295.01 1,006,950 297,060,319.50
    1.93 EME EMCOR GROUP INC United States 2474164 829.88 341,161 283,122,690.68
    1.81 MLM MARTIN MARIETTA MATERIALS United States 2572079 576.70 459,458 264,969,428.60
    1.74 STLD STEEL DYNAMICS INC United States 2849472 229.46 1,113,023 255,394,257.58
    1.71 MTZ MASTEC INC United States 2155306 416.06 601,193 250,132,359.58
    1.60 CRS CARPENTER TECHNOLOGY United States 2177504 616.84 379,573 234,135,809.32
    1.53 AMRZ AMRIZE LTD United States BV5F675 53.30 4,211,740 224,485,742.00
    1.45 HUBB HUBBELL INC United States BDFG6S3 523.20 404,913 211,850,481.60
    1.39 ATI ATI INC United States 2526117 197.10 1,035,316 204,060,783.60
    1.34 STRL STERLING INFRASTRUCTURE INC United States 2632876 839.36 234,058 196,458,922.88
    1.32 WWD WOODWARD INC United States 2948089 425.44 456,233 194,099,767.52
    1.06 RBC RBC BEARINGS INC United States B0GLYB5 644.06 240,977 155,203,646.62
    1.02 RS RELIANCE INC United States 2729068 373.60 398,500 148,879,600.00
    1.01 FTV FORTIVE CORP United States BYT3MK1 61.09 2,420,131 147,845,802.79
    0.88 IEX IDEX CORP United States 2456612 226.95 570,359 129,442,975.05
    0.87 WCC WESCO INTERNATIONAL INC United States 2416973 345.43 370,771 128,075,426.53
    0.82 RRX REGAL REXNORD CORP United States 2730082 238.19 505,929 120,507,228.51
    0.79 CSL CARLISLE COS INC United States 2176318 362.75 318,439 115,513,747.25
    0.77 J JACOBS SOLUTIONS INC United States BNGC0D3 126.00 899,797 113,374,422.00
    0.76 DY DYCOM INDUSTRIES INC United States 2289841 505.59 220,664 111,565,511.76
    0.76 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 265.51 419,320 111,333,653.20
    0.74 RPM RPM INTERNATIONAL INC United States 2756174 111.15 976,083 108,491,625.45
    0.71 MLI MUELLER INDUSTRIES INC United States 2609717 61.46 1,691,830 103,988,330.95
    0.70 AA ALCOA CORP United States BYNF418 52.14 1,973,234 102,884,420.76
    0.67 CR CRANE CO United States BNYD4F8 223.07 438,943 97,915,015.01
    0.65 GGG GRACO INC United States 2380443 75.61 1,263,375 95,523,783.75
    0.65 PNR PENTAIR PLC United States BLS09M3 76.66 1,246,920 95,588,887.20
    0.64 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 156.96 592,707 93,031,290.72
    0.64 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 245.17 379,775 93,109,436.75
    0.63 TRMB TRIMBLE INC United States 2903958 51.18 1,813,302 92,804,796.36
    0.60 AYI ACUITY INC United States 2818461 376.66 233,581 87,980,619.46
    0.59 VMI VALMONT INDUSTRIES United States 2926825 577.60 150,134 86,717,398.40
    0.58 AGX ARGAN INC United States 2804501 798.55 105,673 84,385,174.15
    0.57 NWPX NWPX INFRASTRUCTURE INC United States 2035925 149.94 555,348 83,268,879.12
    0.54 POWL POWELL INDUSTRIES INC United States 2697422 286.36 278,061 79,625,547.96
    0.53 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 500.40 154,832 77,477,932.80
    0.53 MTRN MATERION CORP United States 2149622 297.39 260,228 77,389,204.92
    0.52 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 89.48 842,637 75,399,158.76
    0.49 WLK WESTLAKE CORPORATION United States B01ZP20 73.00 977,579 71,363,267.00
    0.48 ACM AECOM United States B1VZ431 69.49 1,004,497 69,802,496.53
    0.48 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 165.95 420,699 69,814,999.05
    0.47 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 11.81 5,850,120 69,089,917.20
    0.46 LGN LEGENCE CORP-CL A United States BT6CC17 85.23 795,892 67,833,875.16
    0.45 GRC GORMAN-RUPP CO United States 2379281 91.74 719,732 66,028,213.68
    0.44 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 50.53 1,275,412 64,446,568.36
    0.43 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 410.35 154,611 63,444,623.85
    0.39 TTEK TETRA TECH INC United States 2883890 28.89 1,990,517 57,506,036.13
    0.38 EXP EAGLE MATERIALS INC United States 2191399 225.00 244,355 54,979,875.00
    0.37 ACA ARCOSA INC United States BGPZ5W8 145.29 373,716 54,297,197.64
    0.36 CMC COMMERCIAL METALS CO United States 2213260 62.75 845,111 53,030,715.25
    0.36 GVA GRANITE CONSTRUCTION INC United States 2381189 158.08 332,548 52,569,187.84
    0.34 WNC WABASH NATIONAL CORP United States 2932048 13.50 3,742,520 50,524,020.00
    0.34 DXPE DXP ENTERPRISES INC United States 2276627 168.74 293,230 49,479,630.20
    0.33 TITN TITAN MACHINERY INC United States B29H3T5 21.12 2,318,093 48,958,124.16
    0.33 TRN TRINITY INDUSTRIES INC United States 2904627 34.58 1,404,920 48,582,133.60
    0.32 ASTE ASTEC INDUSTRIES INC United States 2060370 61.19 777,785 47,592,664.15
    0.31 TEX TEREX CORP United States 2884224 72.39 628,985 45,532,224.15
    0.30 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 118.77 365,481 43,408,178.37
    0.29 KNF KNIFE RIVER CORP United States BPLL4V5 83.65 509,833 42,647,530.45
    0.29 TTAM TITAN AMERICA SA United States BNM4XQ7 18.66 2,270,521 42,367,921.86
    0.29 MTX MINERALS TECHNOLOGIES INC United States 2595612 73.97 567,147 41,951,863.59
    0.29 TPC TUTOR PERINI CORP United States 2681760 82.97 504,392 41,849,404.24
    0.28 LPX LOUISIANA-PACIFIC CORP United States 2535243 78.66 530,623 41,738,805.18
    0.28 CTRI CENTURI HOLDINGS INC United States BMDPVF7 30.24 1,365,606 41,295,925.44
    0.28 PRIM PRIMORIS SERVICES CORP United States B1GC200 99.12 411,860 40,823,563.20
    0.28 CLF CLEVELAND-CLIFFS INC United States BYVZ186 9.39 4,341,049 40,762,450.11
    0.27 ATKR ATKORE INC United States BDHF495 76.04 526,811 40,058,708.44
    0.27 MDU MDU RESOURCES GROUP INC United States 2547323 21.21 1,873,587 39,738,780.27
    0.26 GBX GREENBRIER COMPANIES INC United States 2387530 49.01 761,065 37,299,795.65
    0.25 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 25.83 1,442,924 37,270,726.92
    0.25 CENX CENTURY ALUMINUM COMPANY United States 2186254 46.01 801,786 36,890,173.86
    0.25 HRI HERC HOLDINGS INC United States BZBZ020 143.34 253,481 36,333,966.54
    0.24 MTUS METALLUS INC United States BNBPMX1 18.69 1,903,017 35,567,387.73
    0.24 CSW CSW INDUSTRIALS INC United States BYQD1J6 278.30 127,133 35,381,113.90
    0.23 DNOW DNOW INC United States BMH0MV1 12.97 2,648,900 34,356,233.00
    0.23 IIIN INSTEEL INDUSTRIES INC United States 2325875 30.20 1,137,084 34,339,936.80
    0.23 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 45.10 757,225 34,150,847.50
    0.23 BMI BADGER METER INC United States 2069128 148.38 224,986 33,383,422.68
    0.22 RYZ RYERSON HOLDING CORP United States B3TPPZ6 24.61 1,289,930 31,745,177.30
    0.21 USLM UNITED STATES LIME & MINERAL United States 2724115 104.67 295,801 30,961,490.67
    0.21 EXPO EXPONENT INC United States 2330318 58.76 512,951 30,141,000.76
    0.19 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 15.13 1,821,605 27,560,883.65
    0.18 CASH United States 1.00 26,823,186 26,823,186.29
    0.18 CALX CALIX INC United States B3S4L67 37.32 694,068 25,902,617.76
    0.00 QXO QXO INC United States BRDY9L1 17.28 3,454 59,688.58
    -0.16 OTHER PAYABLE & RECEIVABLES United States 1.00 -23,282,748 -23,282,748.22
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 05/31/26

    Sector Weight (%)
    Industrials 71.9
    Materials 23.2
    Utilities 3.1
    Information Technology 1.1
    Consumer Discretionary 0.6
    Other/Cash 0.1

    Source: AltaVista Research, LLC

    ETF Characteristics As of 06/30/26

    Return on Equity 15.10%
    Weighted Avg. Market Cap 53,975 M
    2025 2026
    Price-to-earnings 32.02 26.54
    Price-to-book value 4.22 3.80

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 05/31/26

    Versus Beta
    S&P 500 1.17
    MSCI EAFE 0.89
    MSCI Emg. Mkts 0.62
    Standard Deviation 20.70%

    Source: AltaVista Research, LLC

    ETF Documents

    TERMS OF USE

    Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

    FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.

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